NOT LISTED FOR SALE

530 W Malibu Dr Tempe, AZ 85282

West Tempe Neighborhood

Estimated Value: $732,481 - $1,481,000

6 Beds
-- Bath
3,000 Sq Ft
$338/Sq Ft Est. Value

Last Sold April 11, 2017

Last sale price $800,000 $267 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,591/month

5 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System

About This Home

As of April 2017

Absolute Bargain, Priced Low & Firm for your buyer who wants a great deal on a super investment property in a highly sought after location in Tempe with room for rent growth. It won't last long at this low price! New tile, kitchens, and bathrooms in 4 units. All units occupied. Owner is licensed real estate agent.

Last Agent to Sell the Property

Dennis Robert

eXp Realty License #SA661682000 Listed on: 03/19/2017

eXp Realty

Last Buyer's Agent

Linda Matejko

Arizona Elite Properties License #BR640814000

Arizona Elite Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,471

Year Built

  • Built in 1964

Lot Details

  • 8,059

Home Design

  • Block Exterior
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 10 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Wood Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for water, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 123-45-011-A

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are Unknown
  • Laguna Estates Subdivision

Building Details

  • Operating Expense $12,111
  • Gross Income $72,105
  • Net Operating Income $72,105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,471

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Southern & Mill
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3-R
  • Number Of Buildings: 2
  • Year Built: 1964
  • Tax Year: 2016
  • Directions: West to Roosevelt. South to Malibu. East to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: LAGUNA ESTATES
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Painted, Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 10.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Fuel Expense: 400.0
  • Annual Water Sewer Expense: 1320.0

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: Yes
  • Parcel #: 123-45-011-A

Multi Family

  • Owner Pays: Water, Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 7
  • Electric Expense: 400.0
  • Annual Gross Income: 72105.0
  • Insurance Expense: 3600.0
  • Property Net Operating Income: 72105.0
  • Annual Operating Expense: 12111.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4471.0
  • Tax Book Number: 123.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2020
Sold by
Woodland William O and Woodland Linette B
Bought by
Woodland William O and Woodland Linette B
Current Estimated Value
$1,012,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,500
Outstanding Balance
$316,375
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$696,495

Purchase Details

Closed on
Apr 15, 2020
Sold by
Butler Earl D and Butler Geraldine L
Bought by
Woodland William O and Woodland Linette B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,500
Outstanding Balance
$316,375
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$696,495

Purchase Details

Closed on
Jul 24, 2018
Sold by
Butler Earl D and Butler Geraldine L
Bought by
Butler Earl D and Butler Geraldine L

Purchase Details

Closed on
Jul 5, 2017
Sold by
Woodland William O and Woodland Linette B
Bought by
Woodland William O and Woodland Linette B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 19, 2017
Closed on
Apr 7, 2017
Sold by
Robert Dennis and Robert April
Bought by
Butler Earl D and Butler Geraldine L
Seller's Agent
Dennis Robert
eXp Realty
Buyer's Agent
Linda Matejko
Arizona Elite Properties
List Price
$800,000
Sold Price
$800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.81%

Purchase Details

Closed on
Jun 27, 2015
Sold by
Ponicki Ernest and Ponicki Sheila
Bought by
Robert Dennis and Robert April

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 23, 1999
Sold by
Gohier Joseph C and Gohier Charlene F
Bought by
Ponicki Ernest M and Ponicki Sheila M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,280
Interest Rate
6.98%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Woodland William O -- Accommodation
Woodland William O -- American Title Svc Agcy Llc
Butler Earl D -- None Available
Woodland William O -- First American Title Insuran
Butler Earl D $425,000 First American Title Insuran
Robert Dennis $270,000 Lawyers Title Of Arizona Inc
Ponicki Ernest M $131,600 Lawyers Title Of Arizona Inc
Kuppinger Roland S -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woodland William O $358,500
Previous Owner Woodland William O $375,000
Previous Owner Robert Dennis $240,000
Previous Owner Ponicki Ernest M $105,280
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2017 04/11/17 Sold $800,000 0.0% $267 / Sq Ft
03/21/2017 03/21/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $800,000 -- $267 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,640 $23,564 -- --
2024 $2,608 $22,442 -- --
2023 $2,608 $74,780 $14,950 $59,830
2022 $2,502 $59,420 $11,880 $47,540
2021 $2,519 $49,370 $9,870 $39,500
2020 $2,442 $43,360 $8,670 $34,690
2019 $2,396 $35,710 $7,140 $28,570
2018 $2,337 $26,660 $5,330 $21,330
2017 $2,267 $25,480 $5,090 $20,390
2016 $2,251 $23,950 $4,790 $19,160
2015 $2,162 $24,020 $4,800 $19,220
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dennis Robert

    eXp Realty

    Section Image
  • Linda Matejko

    Buyer's Agent in 2017

    Linda Matejko

    Arizona Elite Properties

    (480) 202-2649

    9 Total Sales

    Linda Matejko
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5577637

Arizona Regional Multiple Listing Service (ARMLS)

APN: 123-45-012A

Arizona Maricopa County Tempe 85282 West Tempe

530 W Malibu Dr, Tempe, AZ

This home is located at 530 W Malibu Dr, Tempe, AZ 85282 since 19 March 2017 and is currently estimated at $1,012,870, approximately $337 per square foot. This property was built in 1964. 530 W Malibu Dr is a home located in Maricopa County with nearby schools including Carminati Elementary School, Geneva Epps Mosley Middle School, and Tempe High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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